XTX Topco Ltd Sells 160,163 Shares of Nokia Oyj (NYSE:NOK)

XTX Topco Ltd trimmed its position in Nokia Oyj (NYSE:NOK - Free Report) by 49.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,193 shares of the technology company's stock after selling 160,163 shares during the quarter. XTX Topco Ltd's holdings in Nokia Oyj were worth $727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its position in shares of Nokia Oyj by 62.3% during the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock worth $219,292,000 after purchasing an additional 19,004,399 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Nokia Oyj by 179.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company's stock worth $128,728,000 after purchasing an additional 18,660,482 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Nokia Oyj by 137.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,650,838 shares of the technology company's stock worth $20,603,000 after purchasing an additional 2,691,546 shares in the last quarter. Talos Asset Management LP acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $9,147,000. Finally, Sei Investments Co. lifted its position in shares of Nokia Oyj by 79.5% during the fourth quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company's stock worth $19,656,000 after purchasing an additional 1,965,187 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Trading Up 0.8 %

NYSE:NOK traded up $0.04 during trading hours on Wednesday, hitting $5.32. The stock had a trading volume of 11,627,109 shares, compared to its average volume of 21,105,594. Nokia Oyj has a one year low of $3.57 and a one year high of $5.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company has a market cap of $29.01 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 6.43 and a beta of 0.97. The business's 50 day moving average is $5.08 and its 200-day moving average is $4.71.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Sell-side analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NOK shares. The Goldman Sachs Group lowered shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.